River's new mining lock-up for 45 days, APR 16.8% + 15M Points. Here are a few key points to know: The concept of abstracting stablecoins, the Omni-CDP model, supports providing collateral on Chain A and minting stablecoins on Chain B, with the underlying full-chain technology solution being LayerZero. The Smart Vault opened this time mints USDT 1:1, and then stakes to generate returns. The source of returns comes from the integrated DeFi strategies and project subsidies. Currently, the DeFi strategies integrated are Morpho, Pendle, and Euler, along with some ceDeFi strategies. The risk dependency mainly lies with these projects. The main future expansion is actually to introduce non-stablecoin collateral, such as depositing ETH, and then borrowing stablecoins through the CDP model. There is a clever design here that abstracts the CDP process, so the stablecoins never actually reach the user; they go directly into the staking pool. Thus, the protocol manages your CDP position for...
Show original
25.16K
27
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.